Commercial Law, 2011 Bar — Question 68

MULTIPLE CHOICE

May a publicly listed universal bank own 100% of the voting stocks in another universal bank and in a commercial bank? A) Yes, if with the permission of the Bangko Sentral ng Pilipinas. B) No, since it has no power to invest in equities. C) Yes, as there is no prohibition on it. D) No, since under the law, the 100% ownership on voting stocks must be in either bank only.

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